Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Creating Local Content In a Cost Effective and Accelerated Manner" conference has been added to ResearchAndMarkets.com's offering.
Success in Local Content is all about effective, efficient, and productive collaboration among key stakeholders. Local Content has become an essential humanitarian initiative driven by the emergence of Environmental, Social and Governance investment criteria. When implemented effectively, it also helps to create long term business value through stronger relationships.
This course is going to focus squarely on the need to tackle local content early. Doing so isn't easy - and it requires collaboration. It will require close working relationships among the Government, the international oil or mining companies, the local companies and the EPC contractors, etc.
Other courses concentrate on the metrics of local content - or the definitions thereof. We will of course talk about these - but the focus will instead be on the dynamics of the relationships among the key stakeholders involved in the project. A guiding premise of this course will be that we commence the Local Content process early in the project lifecycle. We invite you to join with colleagues from diverse organizations, regions, roles, and cultures to explore the intricate aspects of optimized local content implementation.
Key Questions That Will Be Answered at This Workshop
- How to make local content strategies a critical selling factor for you - no matter your place in the supply chain?
- Who is really accountable for local content?
- Working across different departments within a single organization is a challenge - add in the multiple partners, and the changing phases on the project and it's clear that coordination is key. Our instructors will lead you through 3 days of examining how to facilitate productive collaboration?
- How do you monitor and measure local content value?
- How do you become a partner of choice for governments and owners in the industries of oil & gas and mining etc. via strong local content solutions?
- How do you raise awareness in the local market of upcoming opportunities without elevating expectations beyond what is possible?
- How best to strengthen local companies and train local workers while ensuring the government is engaged and able to assume the duties for long-term sustainability?
Who Should Attend:
- Project Managers
- Engineering Managers
- Procurement & Supply Chain
- Professionals
- Construction Managers
- Contracts Managers
- Professionals
- Project Development and Sales
- Sustainability Managers
- Corporate Social Responsibility
- Managers
- Human Resource Managers
- Skills Training
- Professionals
- Contract and Labor Lawyers
- Technical
- Experts and Managers
- Finance Experts and Managers
- Commercial Managers
- Insurance Managers
- External
- Affairs Managers
- Strategic Planning Professionals
- Business Analyst
Agenda:
Day 1
Why Local Content?
- What came before "it"?
- What happens if we don't focus on "it"?
- Who are the winners?
- Who are the losers?
Participants
- Why are you here?
- What kind of organization do you represent?
- What is the driver for local content in your market?
- Government
- Oil & Gas Company
- Mining Company
- Contractors
- How is Local Content defined?
- Contracting
- Procurement
- Employment
- Where are you in the project lifecycle?
Objectives and Demands
- Define the Objectives
- Develop new enterprises
- Increase contract/procurement spend
- Jobs
- Understand Demands
- Understand what are seen as areas amenable to local participation
- What are perceptions of efforts to engage local companies/workers?
- Do companies collaborate to leverage local participation?
Case Study - Carrying out a demand analysis in a multi-operator, production-phase context
- Supply analysis
- Use demand analysis to focus on most relevant local industry sectors
- What is known of local company capacity?
- Surveying local companies
- How to verify info
- How to manage expectations
Day 2
Review Day 1/Q&A
Case Study - Building a credible database of local companies
Analyzing gaps between supply and demand
- What are the limiting factors for local participation?
- How can gaps be closed?
- Prioritizing areas for closure of gaps
- Assigning roles and responsibilities
Program Design
- Stakeholder Analysis
- Funding
- Sustainability
Collaboration
- Too often, international companies active in a country fail to seize opportunities to collaborate with other international companies operating in the same country
- Many international companies tend to keep their plans and operations to themselves
- Further, even partners such as EPC contractors and oilfield service companies tend to be held at arm's length
- How can these relationships evolve to facilitate more openness with local companies as part of capacity building?
Ownership of local content efforts and responsibilities for implementation
Never too early to start
- Leveraging FEED efforts
- Delivery of local content in early works
- Evaluate cost and schedule implications of Local Content
Day 3
Review Day 1 & 2/Q&A
Case Study - Making Preliminary Project Work/Front End Design deliver local content value
Special review of Guyana's Local Content Legislation
Is Regulation the answer?
- The rush to regulate is not always the best means of delivering local content value
- The capabilities of the local companies need to be well understood
What makes for effective regulation?
What are the risks of over-regulation?
- Regulation that limits foreign investment can be as harmful in the long-run as not regulating at all
- Facilitating greater local participation, through training and capacity building is often necessary
- The Government risks loss of credibility if it regulates in a way that limits foreign investment, or worse, in a way that its Ministries simply lack capacity to monitor or enforce
How to avoid alienating investors
Case Study - Emergent Local Content Regulations: lessons from the real world
- We will examine in detail some proposed local content regulations from new host countries
- We will assess the relative effectiveness of other existing approaches to regulation
- In sum, we will seek to agree on some markers of effective and efficient regulation
Wrap up of the 3-Day Course/Q&A
Speakers:
Jim Walton
Director of Corporate Strategy and Local Content
The Fluor Corporation
Jim Walton is a Chemical Engineer (BS Chem Eng Bucknell University, USA), with a Master of Business Administration (Pepperdine University, USA), and has completed a Stanford University Executive Business Program held in Singapore in conjunction with the National University of Singapore. He also holds a Project Management Professional Certification and a Professional Engineering License.
Harry Pastuszek
Government and Stakeholder Engagement Manager
Bechtel Corporation
Harry Pastuszek is a Bar-accredited attorney (Juris Doctor, George Mason University, USA; BA Economics, Wake Forest University, USA) with a specific focus on International Business Transactions. Mr. Pastuszek serves as Government and Stakeholder Engagement Manager - Guyana for Bechtel Corporation. He is instructing this course as an independent consultant.
Prior to rejoining Bechtel in 2022, Harry served for 8 years as Vice President, Enterprise and Community Development for PYXERA Global - one of the world's leading implementers of local content programming targeting the oil and gas industry
For more information about this conference visit https://www.researchandmarkets.com/r/bk8ps0
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